The CEO of Alterra Mountain Company, a Denver-based ski giant and creator of the Ikon Pass, announced plans to step down Tuesday, company officials said.
CEO Jared Smith will step down from his role at the end of the season, . Smith will serve as an advisor to the “office of the CEO” over the next year as the recreation company searches for his replacement.
“Serving as CEO of Alterra has been an honor, and I am deeply proud of the incredible people, capabilities and businesses we’ve added to this amazing company,” Smith said in a statement. “The commitment of the ownership group to these mountains, and to the team members and communities they serve, is truly unique. I’m confident the progress we’ve made has positioned the company well to build on that foundation in the years of growth ahead.”
No reason for Smith’s departure was given.
Alterra, headquartered in Denver, is the company behind the Ikon Pass, which provides ski and snowboarding access to dozens of mountain resorts across the world. That includes Steamboat, Winter Park and Arapahoe Basin in Colorado.
An executive committee — including ownership representatives from KSL Capital Partners and Henry Crown and Company — will join with former CEO Rusty Gregory to lead Alterra’s day-to-day operations until a new CEO is appointed, according to the announcement.
“Jared has been a valued leader at Alterra Mountain Company for many years, and we are grateful for his leadership and partnership,” Alterra Mountain Company Board Chairman Eric Resnick, who is also CEO of KSL Capital Partners, said in a statement. “Over the course of his tenure, he has made a lasting impact during a period of continued growth and operational advancement, while ensuring the company maintained the culture and commitment to our communities that make Alterra special.”
